The Missouri House of Representatives recently passed House Bill 253, which provides a limited-time amnesty for taxes owed to the state of Missouri. Specifically, the bill provides an “amnesty from the assessment or payment of all penalties, additions to tax, and interest with respect to unpaid taxes administered by the Department of Revenue that were due and unpaid as of December 31, 2012.” Taxpayers who seek amnesty must:
Submit a written application
File a tax return for each tax period for which amnesty is requested
Pay the unpaid taxes in full from August 1 to October 31, 2013
Agree to comply with state tax laws for the next eight years from the date of the agreement
A taxpayer that is party to any criminal investigation or civil or criminal litigation pending in any U.S. or Missouri court for nonpayment, delinquency, or fraud relating to tax imposed by the state will not qualify for the amnesty. The bill still must be approved by the governor for the amnesty to take effect.
If you have questions, please contact Amol Jain at AJain@brg-expert.com or 202.480.2678.
The views expressed in this article are those of the authors and do not necessarily reflect the position or policy of Berkeley Research Group, LLC.
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